By David Parsley2018-10-23T10:49:00
Intu, the shopping centre giant in the midst of its second takeover bid in less than a year, is set to enter the private rented sector (PRS) market in an attempt to create additional value from land around some of its malls.
The group, which is currently considering a consortium bid led by its deputy chairman and Peel Group founder John Whittaker, has identified land with the potential for around 5,000 residential units on land around six of its out of town centres as well as almost 600 hotels rooms.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.